THAILAND AND MALAYSIA signed a draft agreement covering joint oil and gas exploration and development of overlapping territorial claims in the Gulf of Thailand. The agreement, to be ratified by parliaments in both countries, calls for production from the area to be shared equally based on a modified production sharing system drafted from the Thai concession system and the Malaysian production sharing contract.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in New Plants